Sold – 7 Units in Inglewood | $900,000

Sold – 7 Units in Inglewood | $900,000

Congratulations to Stephen Takahashi and Kyle Woods of Lyon | Stahl Investment Real Estate for closing 4001 W 104th St, a 7 unit apartment building in Inglewood!

The subject property consists of six 1 bedroom/1 bath units and a 3 bedroom/1 bath unit with significant room to increase rents.
The building is a single-story 2,080 square foot building, built in 1939, and is sitting on a 5,889 square foot corner lot.
Zoned C-2, 4001 104th St also has promise as a development with close proximity
to the new $2.6 Billion NFL stadium, placement on a corner lot, and C-2 development.


Investment Highlights:

  • Close proximity to the new $2.6 Billion NFL Stadium
  • 2 separate buildings, all one story units
  • Corner lot
  • C-2 General Commercial Zoning

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Inglewood City Overview: 

Inglewood is a city in the South Bay region of Los Angeles that is bordered by Westchester/LAX, Hawthorne, and Ladera Heights. Spanning 8 square miles with a population of 109,670, Inglewood has emerged as one of the hottest real estate markets in Southern California. Real estate values have increased by 15% over the past year and the median price of homes currently listed in Inglewood is $533,114. The majority of residents are served by the Inglewood Unified School District.

Also known as the “City of Champions”, Inglewood is one of Los Angeles county’s most historically significant cities. Since its incorporation in 1905, Inglewood has been a global business, transportation, and sports hub for all of LA county. Conveniently located near all major LA freeways, LAX, and now the Metro, transportation is never an issue in this centralized city. Inglewood has seen some major development and economic growth in recent years. A new metro line with 4 stops, a $2.6 billion dollar NFL stadium, luxury housing units, and large shopping & event centers are all underway.

Inglewood is also home to the illustrious Forum, which was designed by architect Charles Luckman, who also designed Madison Square Garden in New York. For decades, the Forum was one of LA’s most prominent concert venues, hosting the likes of Elvis Presley, Led Zeppelin, and the Jackson 5. It was also home to the Los Angeles Lakers before the team moved to the Staples Center in 1999. The Forum is now the largest indoor performance venue in the country with a design focused on music and entertainment.

 

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